ERP for Pharmaceutical and Life Science

What are the top three benefits that pharmaceutical ERP has?

by Meta-Pharma 11/11/2021 Read Time: 2 min

The pharmaceutical industry is one of the most uncertain industries in the business world. The reason behind this is the lot of major changes happening in the Pharma healthcare sector. Whereas, ERP for the pharmaceutical industry not only enables the consolidation and integration of pharmaceutical business processes across multiple things but also helps businesses to keep track of operations across the organization.

Meta-Pharma, an Advanced Pharmaceutical ERP solution helps businesses in organizing their procurement processes, while reducing production and delivery time. It helps the pharma industry to comply with cGMP requirements. In addition, as they seek out ways to streamline processes, improve efficiencies, and comply with strict regulations, these organizations are considering the benefits of ERP software.

Let’s take a quick look at the benefits of Pharmaceutical ERP, some specific ways that how an ERP can make a major difference:

Formulation and Pre-Formulation

Logically, there are some strict regulations that regulate the drug manufacturing process. These regulations include guidelines around how employees should formulate and monitor raw materials, as well as how they should manage finished product yields to produce a batch.

In the pre-formulation stage, employees must follow stiff quality processes that include:

Defining drug production procedures
Scheduling drug production stages
Measuring drug production quantities

With a Pharmaceutical ERP system in place, companies can automatically regulate these formulations, while having confidence that the margin of minimal error. Additionally, they can do so without keeping constantly keeping an eye on overproductions, which optimizes productivity through the board.

Assigning Drug Product Costing

Several factors go into assigning a cost to a drug product. Among other considerations, companies must calculate the expenses associated by:

Procuring materials
Managing raw materials
Monitoring the supply chain

Without a centralized ERP platform for pharma, these costs are recorded individually in particular departments. Intrinsically, any time this updates the information; it can take a while for the in-sync of the new numbers. This makes it integrally difficult to nail down final product costs.

Track and Traceability of Inventory with Pharmaceutical ERP

It’s always been important for pharmaceutical companies to ensure proper management of inventory. The recent pandemic situation underscored this concern with several factors. With the implementation of ERP, pharmaceutical companies can track and trace products in real-time.

They can also use serialization to manage inventory and avoid time-consuming blockages and most importantly they potentially overwhelm stock-outs. Many platforms also include traceability functions that enable companies to perform rapid recalls if required.

For more information and a tailored demonstration contact us today at Meta-Pharma.

Challenges faced by an organization while selecting Pharmaceutical ERP

by Meta-Pharma 11/02/2021 Read Time: 2 min

The Pharmaceutical ERP system for the pharmaceutical industry is the best way to recognize and track every single raw material, goods from receipt through processing, bundling, and shipping, to the specific client location. Meta-Pharma, the best ERP for the pharmaceutical industry as well as for manufacturers makes it easy to track lot properties while streamlining and improving other business measures like batch production, sales capacities, inventory control, purchasing, quality affirmation, accounting, and account, regulatory reporting, and so on.

If you want to implement an ERP for your pharmaceutical company. Then be sure to get answers to the following questions:

Can you map your manufacturing process validation?
Is it track retest dates?
Does it track the recalibration of your equipment and make them unavailable for measurement and recording?
Does it have print control for controlled documents?
Is it integrates with your manufacturing equipment?
Is it eBMR capable?
How does it help in revalidating a process to avoid human errors?
Has it been validates under 21CFR part II or any other system validation for manufacturing?
Is the QA, QC process an integral part of the manufacturing, inventory, purchase, and logistics module to ensure that QC can be triggered at any point in the supply chain?

These challenges are efficiently addressed in Meta-Pharma, which not only provides better control over the business processes but also helps manufacturing products as per cGMP guidelines. Hence, the product is one of the most suitable ERPs for pharmaceutical companies.

While picking a Pharma ERP system you should consider the two of its capacity to track each raw material from receipt through completed item delivery. Moreover, its flexibility to your extraordinary manufacturing process. Meta-Pharma ERP encourages yo u to direct your business without the need for separate software bundles or costly customization.

Learn how to implement Pharmaceutical ERP

For more information and a tailored demonstration about the Pharmaceutical ERP contact us at Meta-Pharma.

Top benefits of Landed Cost Tracking in the Pharmaceutical Industry

by Meta-Pharma 10/01/2021 Read Time: 2 min

Landed Cost Tracking (LCT) provides visibility of imported goods through shipment tracking and empowers more noteworthy control of all related expenses, resulting in precise landed costs. It empowers you to track shipments of imported goods, display the progress and estimated arrival times of shipments and establish a solid gauge of the overall cost of imported goods. Moreover, it helps with the calculation of a more precise actual cost at which to get the goods and provides an actual cost comparison to the various estimates made throughout the procurement cycle.

The Pharmaceutical companies face challenges of improving/sustaining on-time deliveries, cut back inventory whereas still having the flexibility to reply to shorter lead times, with advanced planning and tools to manage sudden events like break downs, rush orders, changing customer priorities, etc. Whereas, Meta-Pharma is an ERP Solution for Pharmaceutical built on Microsoft Dynamics 365 Business Central meets the requirements of your growing Pharma business and helps to track the landed cost with the functionality of LCT.

Benefits of Landed Cost Tracking

Identification of all price components related to imported goods for better estimates of landed costs
Estimated landed costs for every product through correct costs apportioning supported volume, value, quantity, etc.
Tracking of shipment arrival dates
Pre-costing of shipments for efficient receipting
Multiple tariff codes
Goods Received Note system to trace component costs for correct invoice matching
Automatic update of predictable arrival date once shipping date is revising.
Archiving of completed shipments and related costs

Track your business progress by implementing Pharmaceutical ERP contact us today, schedule a free demonstration at Meta-Pharma.

Top 3 benefits of implementing Pharmaceutical ERP for Manufacturers

by Meta-Pharma 08/30/2021 Read Time: 2 min

The pharmaceutical industry is one of the most uncertain industries in the business world. The reason behind this is the lot of major changes happening in the Pharma healthcare sector. Following up with the change in the market trends, global competition, regulatory requirements, and changes in pharma, pharmaceutical companies have to be kept themselves updated. Also, the certain increase in high-quality pharmaceutical product demand at a competitive price is forcing pharmaceutical manufacturers and distributors to come up with new strategies to improve efficiency and minimize cost. The most important solution to all these issues is implementing a Pharmaceutical ERP system. The system guarantees to streamline operation, syncing of all departments, and also maintain transparency in the business process.

Here are the benefits that pharmaceutical manufacturers can achieve from Pharmaceutical ERP:

Managing the production process

Production is one of the fundamental parts of a product-based business like the pharmaceutical industry. There are many features involve in a production process like maintaining the quality of products. This system comes with features that help in planning, responding to changes, managing production, and tracking batches of products.

Managing inventory levels

In a business, keeping up with stock levels is given the most extreme significance. It is perhaps the most difficult aspect for healthcare companies to deal with. It requires a lot of resources to manage stock efficiently. Meta-Pharma helps you to track inventory and prevent scrap material. It can distinguish material required for production, direct stock administration process, provide stock level reports, and set targets.

Handling distribution process

The products need to get conveyed after their manufacturing is done. It adheres to various procedures across the country, which makes it hard to manual track the entire distribution process. The reason is, it’s taxing and contains a lot of human errors. What if you have pharma distribution software at your aid? Whereas, having an ERP system helps you with batch and lot tracking. This feature will trace the material batches from the time of the order to the time it will deliver.

In the event that you think about the current situation of the pharma industry, it is important to have an ERP system installed in the business environment. It helps in managing inventory, distribution, and manufacturing processes. Also, it streamlines the business operations of a pharmaceutical company.

Meta-Pharma is one of the best ERP software solutions for pharmaceutical manufacturers and distributors. Also, it ensures growth in productivity and simplification of operations to enhance profit generation.

For more information about Pharmaceutical ERP and to know how to implement it contact us at Meta-Pharma.

Top 3 ways to enhance batch processing with Pharmaceutical ERP Software

by Meta-Pharma 08/20/2021 Read Time: 2 min

Today’s challenges that pharma manufacturers are facing reflect the rapid change of dynamics in Pharma Healthcare. And the strict regulations they must adhere to may result in increasing the complexity of the batch processing. Testing and recognizing whether finished products meet quality and compliance standards is actually a challenge because if at any stage of the process or segments is compromised it could demolish the whole batch of goods. Hence, testing or quality checks throughout the manufacturing process are required.

Having a Pharmaceutical ERP system will provide the ability to do further testing and look further than the regulatory requirements, to acquire information on the risks that possible contaminants could have on any drug being produced.

Here are some of the ways to improve batch processing with the help of Pharmaceutical ERP Software for manufacturers:

Improve productivity

Pharmaceutical ERP permits flexibility for batch manufacturers. It improves productivity even when each batch has different parameters. Also, it will help to produce each batch at optimum efficiency, guarantee the required equipment can be selected based on specific parameters, and this can be automated and changed per the fixings and sterility mentioned.

Automates Batch Process

Manufacturing ERP software can automate batch processes and help operators in their work. For instance, the operator can look at the batches to standardize processes throughout the manufacturing process while analyzing batch activity and materials can be done using automatic system checking. Product batches that require sign-off or corrective actions, the system will allow for. It will also record all activities and audits to a database, so it can be referred to when required.

Traceability and transparency

Using a system to track the manufacturing of batches from raw material to the finished product will give proper traceability and transparency. It’s important if recalls are necessary, to be able to track every product as quickly as possible if problems occur – and it could be useful for audits.

Find out the right solution

The way to deal with these challenges is to owning a Pharmaceutical ERP system that is as flexible as the manufacturing procedure requires. It helps to manage quality and compliance, and supplier relationships. Meta-Pharma is an all-in-one Pharmaceutical ERP system that helps you continually improving, streamlining, and developing business processes, increase productivity, and maximizing return. For more information contact us today at Meta-Pharma.

How ERP system useful in Pharmaceutical Industry?

by Meta-Pharma 08/12/2021 Read Time: < 1 minute

The Pharmaceutical ERP system for Pharmaceutical Industry is the best method to recognize and track every single raw material from receipt through processing, bundling, and shipping, to the specific client location. If that is the case then what prevents many small and medium Indian enterprises from avoiding executing this effective tool.

The benefit of Meta-Pharma, ERP for pharmaceutical manufacturers is that it can easily track lot properties while streamlining and improving other business measures like batch production, sales capacities, inventory control, purchasing, quality affirmation, accounting and account, regulatory reporting, and so on.

Best ERP for Pharmaceutical Industry

The implementation of Meta-Pharma ERP systems does not just give more transparency to your business cycle yet. Additionally, it permits your business to work all the more effectively, predictably, and all the more beneficially.

Implementation of an industry-viable Meta Pharma ERP system will not just meet the traceability requirements. Additionally, it flawlessly connects all offices, bringing about smoothed-out activities, augmented efficiency, and expanded benefit.

While picking a Pharma ERP system you should consider the two of its capacity to track each raw material from receipt through completed item delivery. And, its flexibility to your extraordinary manufacturing process. Meta-Pharma ERP encourages you to direct your business without the need for separate software bundles or costly customization.

For more information about Pharmaceutical ERP and to know how to implement it contact us at Meta-Pharma.